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Originally Posted by manaboutown
This narrative totally ignores the time value of money and the interest, dividends and capital gains one can obtain over the years. It is similar to pitches I used to hear from whole life insurance salesmen 50 years ago.
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Quote:
Originally Posted by tophcfa
Beat me to it, any analysis that ignores that is completely irrelevant.
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It would be interesting to see what would have happened if my SS contributions had been invested in the market over the years.
Simple math says that if I live at least as long as my father I will get a 500% return on the money I paid into SS. More complex math says that number is low due to SS payouts increasing with inflation.
I’m pretty happy with the guaranteed income rather than the market risk.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
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